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EURUSD

  • #351,561
  • Dec 24, 2010 5:16am Dec 24, 2010 5:16am
Quoting PhAnTi'
i guess sell

france gets downgraded : euro gets weak --> eu drops
soon they going to ask us where the toilet is
  • #351,562
  • Dec 24, 2010 5:20am Dec 24, 2010 5:20am
Quoting snatch
I have multiple accounts, hence it makes it easier to manage; the whole idea of a SL is to annul a bad entry, and as you all know most of the time they hit your SL and then proceed to the direction of your bias... so you enter a buy for example now in the eur at 3100 and place further buys at eg 3130, 3160, 3199, 3230.... and instead of a SL you protect your account by placing opposing SELL orders at 3085, 3060, 3030, 3000...

of course its fashionable now to hedge with eurchf now..
good luck
Thats how I lost my first $10,000 acct. You must be good at it Snatch. I hope it doesnt catch up to you like it did me.It worked out great for a while until the mkt turned and left me with several longs I couldnt get out of and then the ol margin call came.
  • #351,563
  • Dec 24, 2010 5:21am Dec 24, 2010 5:21am
Quoting snatch
soon they going to ask us where the toilet is
2nd floor , 3rd door on the right

you're welcome
Hero calls followed by margin calls...
  • #351,564
  • Dec 24, 2010 5:21am Dec 24, 2010 5:21am
On my minute chart 1.31246 seems to be the resistance turn support and eur/usd seems to be going on the uptrend.. i still don't know how to save and attach my chart.. so take a look at it .. a clean break off 1.31246 should see either way.. though the daily chart's still points downwards bearish sentiments.
There is no royal road to anything.
  • #351,565
  • Dec 24, 2010 5:22am Dec 24, 2010 5:22am
Quoting snatch
I have multiple accounts, hence it makes it easier to manage; the whole idea of a SL is to annul a bad entry, and as you all know most of the time they hit your SL and then proceed to the direction of your bias... so you enter a buy for example now in the eur at 3100 and place further buys at eg 3130, 3160, 3199, 3230.... and instead of a SL you protect your account by placing opposing SELL orders at 3085, 3060, 3030, 3000...

of course its fashionable now to hedge with eurchf now..
good luck
Thanks, interesting. I'll have to chew on that for a while. Which brokers do you use and what complaints do you have about them?
I'm with InteractiveBrokers; I'm overall happy with them but I hate how they cut off FOREX trading from 1700-1715 EST daily - I guess to square up accounts. Fortunately, that's a slow time of day. I'm almost always flat at that point because I think that's their daily computation point. If I'm holding a position at that time, I get hit with interest charges.
There are a couple of other things I don't like about them, but they've got great connectivity and tight spreads so that outweighs all negatives.
  • #351,566
  • Dec 24, 2010 5:22am Dec 24, 2010 5:22am
Quoting Leinadgnow
On my minute chart 1.31246 seems to be the resistance turn support and eur/usd seems to be going on the uptrend.. i still don't know how to save and attach my chart.. so take a look at it .. a clean break off 1.31246 should see either way.. though the daily chart's still points downwards bearish sentiments.
right click on chart , save as image (save at desktop) , then go ff.com post window , click attachments (next to the smiley icon) and upload your image from desktop.
after uploading go again to attachments and click the number
Hero calls followed by margin calls...
  • #351,567
  • Dec 24, 2010 5:22am Dec 24, 2010 5:22am
Quoting PhAnTi'
i guess sell

france gets downgraded : euro gets weak --> eu drops
thank you brother.
  • #351,568
  • Dec 24, 2010 5:24am Dec 24, 2010 5:24am
Quoting snatch
I have multiple accounts, hence it makes it easier to manage; the whole idea of a SL is to annul a bad entry, and as you all know most of the time they hit your SL and then proceed to the direction of your bias... so you enter a buy for example now in the eur at 3100 and place further buys at eg 3130, 3160, 3199, 3230.... and instead of a SL you protect your account by placing opposing SELL orders at 3085, 3060, 3030, 3000...

of course its fashionable now to hedge with eurchf now..
good luck
wow i in this way u will have no acc. in no time , the last part is better but i will go usdchf
  • #351,569
  • Dec 24, 2010 5:24am Dec 24, 2010 5:24am
Quoting PipChick
Thats how I lost my first $10,000 acct. You must be good at it Snatch. I hope it doesnt catch up to you like it did me.It worked out great for a while until the mkt turned and left me with several longs I couldnt get out of and then the ol margin call came.
That's why I have a very hard time opening long positions on the EUR right now. The event risk is just too great. A multinotch downgrade of Spain, Italy, or France would crater the EUR.

In all though, you have to trade your own style and not the style of others, as you'll never be comfortable with a style that doesn't fit your personality.
  • #351,570
  • Dec 24, 2010 5:26am Dec 24, 2010 5:26am
Quoting Leinadgnow
On my minute chart 1.31246 seems to be the resistance turn support and eur/usd seems to be going on the uptrend.. i still don't know how to save and attach my chart.. so take a look at it .. a clean break off 1.31246 should see either way.. though the daily chart's still points downwards bearish sentiments.
we need a tleast a m30 close above
Hero calls followed by margin calls...
  • #351,571
  • Dec 24, 2010 5:27am Dec 24, 2010 5:27am
I dont understand what drives you guys to trade of a xtmas eve.
  • #351,572
  • Dec 24, 2010 5:28am Dec 24, 2010 5:28am
Quoting iflyjetzzz
That's why I have a very hard time opening long positions on the EUR right now. The event risk is just too great. A multinotch downgrade of Spain, Italy, or France would crater the EUR.

In all though, you have to trade your own style and not the style of others, as you'll never be comfortable with a style that doesn't fit your personality.
In the end, having 20 shorts and hedging with kill your acct. I sooooooooooo hope I am wrong for Snatch's sake but I can only attest to what I experienced and let me tell you, it was an awful feeling.
  • #351,573
  • Dec 24, 2010 5:28am Dec 24, 2010 5:28am
Quoting iflyjetzzz
That's why I have a very hard time opening long positions on the EUR right now. The event risk is just too great. A multinotch downgrade of Spain, Italy, or France would crater the EUR.

In all though, you have to trade your own style and not the style of others, as you'll never be comfortable with a style that doesn't fit your personality.
thats the fuckin problem of the euro , depends on too many parties ....

it sucks

i want to have the Deutsche Mark back !
Hero calls followed by margin calls...
  • #351,574
  • Dec 24, 2010 5:28am Dec 24, 2010 5:28am
Quoting Alihuzaifa
I dont understand what drives you guys to trade of a xtmas eve.
PipChick is not trading. I am passing time, waiting for my little Grand babies to wake up.
  • #351,575
  • Dec 24, 2010 5:29am Dec 24, 2010 5:29am
Quoting Alihuzaifa
I dont understand what drives you guys to trade of a xtmas eve.
boredom
Hero calls followed by margin calls...
  • #351,576
  • Dec 24, 2010 5:29am Dec 24, 2010 5:29am
Quoting PipChick
Thats how I lost my first $10,000 acct. You must be good at it Snatch. I hope it doesnt catch up to you like it did me.It worked out great for a while until the mkt turned and left me with several longs I couldnt get out of and then the ol margin call came.

no. its about having no emotions; the hedge is only 15 pips away from entry so for example this morning i entered a perfect sell at 3145 and put half dozen buys on top.... the question is how do you manage that... the price always comes back to your entry sometime... so its about management... dont get emotional, get even... my account started multiplying the day i stopped using SLs and indicators; just 4hr/daily/weekly channels...

i wish someone told me this before i came into forex, but in life you have to learn the hard way...

good luck all
  • #351,577
  • Dec 24, 2010 5:29am Dec 24, 2010 5:29am
Quoting PipChick
PipChick is not trading. I am passing time, waiting for my little Grand babies to wake up.
me as well.
just chilin around with you guys, cause i love you guys here ^^
Hero calls followed by margin calls...
  • #351,578
  • Dec 24, 2010 5:30am Dec 24, 2010 5:30am
Quoting PhAnTi'
2nd floor , 3rd door on the right

you're welcome
When I was in Aix-En-Provence on St Patrick's Day, it was in the alley behind the bar. I went back there and some girl just got up from her squat.

True story.
  • #351,579
  • Dec 24, 2010 5:31am Dec 24, 2010 5:31am
Quoting iflyjetzzz
When I was in Aix-En-Provence on St Patrick's Day, it was in the alley behind the bar. I went back there and some girl just got up from her squat.

True story.
story of the day.lol.
Hero calls followed by margin calls...
  • #351,580
  • Dec 24, 2010 5:31am Dec 24, 2010 5:31am
Quoting snatch
no. its about having no emotions; the hedge is only 15 pips away from entry so for example this morning i entered a perfect sell at 3145 and put half dozen buys on top.... the question is how do you manage that... the price always comes back to your entry sometime... so its about management... dont get emotional, get even... my account started multiplying the day i stopped using SLs and indicators; just 4hr/daily/weekly channels...

i wish someone told me this before i came into forex, but in life you have...
Thats what I thought too but I got my ass handed to me on a silver platter. How long have you been trading Snatch?
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